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SALT News

XRP Price Falters as Value Drops by over 4% Overnight

There is still a lot of uneasy momentum and uncertainty across all crypto markets this weekend. As long as Bitcoin remains in the red, most other coins and assets will follow its example. The XRP price, while usually a bastion of price stability, is seemingly losing some ground all of a sudden. A bit of an unexpected trend, albeit it remains unclear where things will head next. XRP Price Drops to $0.285 Over the past few weeks, it seemed as if the XRP value would remain nearly flat near the $0.3 price level. For some unknown reason, that level of support has now been broken, and in somewhat spectacular fashion to boot. This is not a promising sign for all other currencies which are being dragged down by Bitcoin at this time. As such, it seems the coming weekend may become one to quickly forget first and foremost. Over the past 24 hours, there has been a somewhat disturbing 4.1% decline in the XRP price. This is combined with a 1.11% drop in Bitcoin value. Although this latter aspect isn’t a big surprise by any means, one has to wonder why this is happening right now. The overall crypto market cap is also getting rather close to the $100bn level, and may very well drop below it before the weekend is over. This onslaught has been very tenuous so far, but it will remain in place for some time to come. It would appear this most recent XRP price drop isn’t spooking too many investors or speculators, though. Lord XRP continues to hold high hopes for this digital asset and what the year 2019 will bring. There is no indication XRP will “moon” whatsoever, but those who are in deep need some sort of hope to keep the momentum going. A lot of things are happening behind the scenes, albeit none which could trigger a massive price increase right now. People who dont read news You can not explain that #xrp soon moons — Lord XRP (@Bitforcoinz) December 15, 2018 There has been another interesting XRP-related transaction which saw funds moved from the Ripple Escrow wallet to the OTC distribution wallet. There is nothing wrong with this behavior, as these transactions occur rather regularly. What is interesting, however, is how there is just a minor transaction fee of 0.005 XRP, which is significantly cheaper than any other offering on the market right now. 200,000,000 #XRP (57,885,607 USD) transferred from Ripple Escrow wallet to Ripple OTC Distribution wallet Tx: https://t.co/rgNkVWWf9X — Whale Alert (@whale_alert) December 14, 2018 Last but not least, there has been an ongoing “meme” pertaining to XRP. As part of this meme, some users continue to claim this asset will hit a value of $589 or more by late 2018. That is a very troublesome prediction for many different reasons, primarily because it is very unlikely to materialize. As such, these messages need to be taken with a few spoons of salt first and foremost. BBBBBOOOOOOOOOOOOOM!!!! "These days are a good day to start with Major banks (from XRP Factory)" $589+EOY 2018#XRP #xrpthesandard #Ripple #xrparmy #xrpcommunity #crypto pic.twitter.com/28iL3yrBLv — JackTheRippler (@RippleXrpie) December 15, 2018 Even though XRP is still a decently liquid market right now, its trading volume has been a fair bit lower than what one would expect. To date, it is also just one of two projects maintaining an eight-digit market cap before the decimal. That shows some signs of resilience, despite the current negative price trend. A very interesting market trend to keep an eye on, although it is unclear what the rest of the weekend will offer. Disclaimer: This is not trading or investment advice. The above article is for entertainment and education purposes only. Please do your own research before purchasing or investing into any cryptocurrency. The post XRP Price Falters as Value Drops by over 4% Overnight appeared first on NullTX.

a day ago

SALT looks forward to an amazing 2019 with strong foundation...

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2 days ago

Market Analyst Tom Lee Says ‘Fair’ Price of Bitcoin is Over $13K

Fundstrat Global Advisors Head of Research, Tom Lee, holds that the current price of Bitcoin is wrong based on a range of factors. The BTC permabull has also refused to give any further price predictions. Bitcoin’s Fair Value Between $13,800 and $14,800 According to Tom Lee, the current market conditions for Bitcoin are wrong. Bloomberg reports that the proponent has said BTC’s fair value is between $13,800 and $14,800. Lee explained: Bitcoin’s fair value, given the number of active wallet addresses, usage per account and factors influencing supply, is between $13,800 and $14,800. - Lee has said. The analyst also added: Fair value is significantly higher than the current price of Bitcoin. In fact, working backwards, to solve for the current price of Bitcoin, this implies crypto wallets should fall to 17 million from 50 million currently. Commenting on the current market condition, Lee called “last year’s meteoric rally a “meltdown.” In the macroeconomic climate, treasury sales of initial coin offerings are the reasons for the divergence. While he refused to propose any price target, Lee also outlined that should Bitcoin wallets approach a mere 7 percent of Visa’s 4.5 billion account holders, the cryptocurrency’s fair value would be $150,000 based on his model. Grain of Salt Lee’s statements, while optimistic, do raise a few questions. First off, while discussing Bitcoin’s current condition, the analyst refers to 50 million “crypto wallets.” According to data from Blockchain.com, the number of Blockchain wallets is around 31.5 million. Even though this number will always increase, many of these wallets could be abandoned and it’s still nowhere near 50 million. But Lee could indeed be proven correct in the long-term. While the price is down 85%, the number of “active wallet addresses” has only decreased by half since January’s peak, according to Bitinfocharts. While the network hash rate (i.e. network security) is still more than double what it was in January 2018 despite the recent difficulty adjustment to lower prices. What’s more, transaction activity over the Bitcoin network could be simply decreasing as people are becoming more reluctant to spend their bitcoins at these price levels. In hopes BTC will go “to the moon” in the future (as Bitcoin’s history of market cycles shows), those who bought at higher prices are choosing to ‘hodl‘ as they are afraid of becoming Bitcoin pizza guy 2.0. Meanwhile, Lee has previously said that Bitcoin will reach $25,000 by the end of 2018. He has since reduced his target to $15,000. This time, however, the permabull refused to give any price predictions. “We are tired of people asking us about target prices,” he said. What do you think of Tom Lee’s position on the current market conditions? Don’t hesitate to let us know in the comments below! Images courtesy of Shutterstock, Bitcoinist archives The post Market Analyst Tom Lee Says ‘Fair’ Price of Bitcoin is Over $13K appeared first on Bitcoinist.com.

2 days ago

The wait is finally over! SALT is proud to welcome the world...

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5 days ago

SALT is ready to give California crypto borrowers some long ...

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5 days ago

In case you missed it last week, SALT has expanded our juris...

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7 days ago

Have questions about your 2FA, SALT Platform or need some he...

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9 days ago

SALT now offers Blockchain-Backed Loans™ in Washington, D.C....

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11 days ago

Stock Market May Shut down for “Pageantry of Politicians” but Not Crypto Market

Following a source that claimed U.S financial market will shut down on December 05, 2018 to honor President George H.W.Bush, Erik Voorhees, ShapeShift CEO asserted on social media that the crypto market will not shut whatsoever. According to Bloomberg, New York Stock Exchange, NASDAQ Inc.’s US equities and options market, CBOE Global Market Inc’s exchange and CME Group Inc’s U.S. -based equity and the interest-rates market will close its operation on Wednesday. Following the national day of mourning, a moment of silence will be observed today (December 03, 2018), the company said. The announcement comes into picture when President Donald Trump decided a day of mourning day for late president on Wednesday. “The President will designate Wednesday, December 5th as a National Day of Mourning. He and the First Lady will attend the funeral at the National Cathedral in Washington, D.C.,” While in contrast, CEO of the prominent exchange, Shapeshift mocked “Crypto markets do not shut down for the pageantry of politicians” on the blog post. Crypto markets do not shut down for the pageantry of politicians. #bitcoin https://t.co/zTFobWlqgY — Erik Voorhees (@ErikVoorhees) December 3, 2018 Erik Voorhees And Crypto Since cryptocurrency is decentralized, it is obvious that despite the constant regulatory measures, no government regulated it in a way that stock markets are regulated. While Bitcoin futures trading by Nasdaq are still in question or may begin within the first quarter of 2019, Bitcoin and other cryptocurrencies are shaking with the declining value every day. At press time, Bitcoin was trading with value $4011.13 with a market cap $69,810,980,398. Erik Voorhees is the strong believer in the crypto market and the value of Bitcoin surge. He often appears out speaking about the cryptocurrency space - moreover, he has recently appreciated “crypto in comparison to fiat”. He said that When the next global financial crisis occurs, and the world realizes organizations with $20 trillion in debt can't possibly ever pay it back, and thus must print it instead, and thus fiat is doomed... watch what happens to crypto. — Erik Voorhees (@ErikVoorhees) November 8, 2018 In addition, he has also probed by US SEC authorities on a matter of Crypto lending start-up initiated called Salt Lending where Erik Voorhees was acting as a board member. Do you think US financial market closure on Wednesday will affect the value of cryptocurrencies? Or will it have any impact on the funds of stock markets? The post Stock Market May Shut down for “Pageantry of Politicians” but Not Crypto Market appeared first on Coingape.

13 days ago

Why Does Mainstream Media Spread So Much Crypto FUD?

Just a couple of years ago finding a Bitcoin or crypto related news article in the mainstream media would have been a tough task. Today nearly every news outlet worth its salt is regularly running stories on crypto. According to a new study a lot of the industry heavyweights are throwing around a lot of fear, uncertainty and doubt, much of which is totally unfounded and superfluous. Media Sentiment is Not Static A new study by eSports company Clovr has revealed the ‘complicated and conflictual relationship’ between cryptocurrencies and publications that cover them. Following the rise and fall of the market over the past couple of years the study attempts to ascertain which publications have pushed a positive sentiment and which ones are fueled by FUD. Looking back at 2017 the research noted that crypto coverage was rather limited and only peaked when prices plunged following bad news such as China’s trading and exchange ban. The year before, positive sentiment far outweighed negative, a ratio that changed in late 2017 when markets started to surge. FUD was partly fueled by billionaires that had already made their money and possibly considered cryptocurrency a threat. The likes of Warren Buffett calling it ‘rat poison’, or Mark Cuban hammering away with his bubble comments, or Jamie Dimon calling it a fraud, added gasoline to the mainstream media fire. As markets peaked and then fell in January 2018, mainstream media ramped up its FUD machine and more negative sentiment flooded out. According the study, the top purveyors of ‘bad news’ at the time included the Wall Street Journal, Reuters, Yahoo Finance, the International Business Times, and the Washington Post. Media that appeals to a younger, more finance orientated audience unsurprisingly ran more positive articles on crypto, these included Forbes, Business Insider, CNN, Cnet, Mashable, and Huffpost. CNBC, whose tweets have found to have an effect, has been pretty much ‘fair and balanced’ with a good dose of each and today still dedicates a lot of its airtime to crypto which is itself a testament to the growing industry. Conservative media outlets have shown an overwhelming amount of distain for crypto and these include Breitbart, Fox News, and the Economist. All of which has run predominantly FUD based articles over the past few years. Publications with a more liberal skew have been pretty balanced, and finance or technology focused outlets more positive. The report concluded that the coverage of Bitcoin and crypto has been far from static over the past five years. Some outlets have become more skeptical while others have become more bullish as crypto markets ebb and flow in cycles that they have already been through several times before. The takeaway from the study is that most mainstream media publications have their own slant anyway so this will get pushed through in the articles they publish, be it FUD or FOMO. Just like social media, which can often be described as ‘digital pollution’, don’t take everything you read as gospel. Thorough research and not investing more than you can afford to lose are also worth bearing in mind when getting into crypto. The post Why Does Mainstream Media Spread So Much Crypto FUD? appeared first on NewsBTC.

13 days ago

Love SALT? Tell your friends about us! Many of you have alre...

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15 days ago

We are proud to be in #London sharing our expertise at the @...

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16 days ago

In Singapore at the #BlockShowAsia to share the SALT story. ...

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17 days ago

Why Blockchain-Based Projects Need to Be Their Own Early Adopters

The perks of decentralization are well-known - no single entity to control the process, reduced costs, and higher security due to the distribution of nodes. However, is it enough to attract the average user to blockchain-based platforms? Statistics prove that the answer is no, unfortunately. Most people simply do not care about the benefits of decentralization, but rather about how useful and user-friendly the products are - regardless whether they are built on the blockchain or not. Still, blockchain projects continue to launch empty platforms with no particular application. So how do you attract users and make the blockchain more widespread? The possible answer is to be your own early adopter and create original content! The absolute majority of blockchain projects die fast Ever wonder how many of blockchain companies manage to stay alive and active after several years? A recent study conducted by the China Academy of Information and Communications Technology found that for over 80,000 blockchain-based projects launched globally, only 8% are still in active operation. The average lifespan for such projects is just a bit over one year (1.22 years). The possible reason for this is low demand: the data on the number of users shows that blockchain projects lack user adoption. Daily Active Users (DAU) discloses that the number of users of the most popular applications on Ethereum is less than 1,000. Compare that to Facebook, for example, which has about 1.5 billion users visiting it every day! Another example is Steemit, a decentralized social network, that announced it had surpassed 1 million users in May 2018. That’s definitely a milestone, but to put this in perspective Medium has 60 million readers monthly. What stops the blockchain from mass adoption? Expert opinions Dr. Michael J. Garbade, the founder and CEO of Education Ecosystem and serial entrepreneur, lists the nine obstacles to blockchain adoption - among them are people’s resistance to change and lack of primary application. His opinion is supported by other industry experts, such as Ivan Vankov, principal blockchain architect at Cognition Foundry. “Every one try to revolutionize something with blockchain. Mass media and social expectations push you to this behavior, always to look for the maximum, for the extreme, for unique and different, but the reality is very different. People do not like revolutions, especially if they are involved in it. People will do everything that they can do so tomorrow to be the same as yesterday. Same apply for business. Do not try to revolutionize, try to evolve. ” This statement is proven by recent history: researchers started using TCP/IP, the technology that makes it possible to send emails to each other, in 1972. A number of companies were exploring the opportunities of TCP/IP during the 1980s, but the solution didn’t evolve until the mid 1990s. For the blockchain, the process is likely to be similar - and the projects will have to adjust to their customers so that they get used to the new technology. As James Martin Duffy, co-founder at Loom Network, says, “[There is a] lack of ‘killer dApps’ - applications that are good enough to incentivize millions of users to really want to use them.” James explains, “They might conceptually understand why decentralized apps are better. But simply saying, ‘It’s Facebook — but decentralized!’ doesn’t seem to be a strong enough value proposition to get people to jump ship from a centralized Facebook that, despite its many shortcomings, more or less works just fine. For the majority of mainstream users, the promise of decentralization, in itself, is not enough.” The question remains: how do you make average users interested in blockchain projects? One of the possible solutions is providing original content to the users so that they become interested in it - and addicted to it. Be your own early adopter - create original content The recent research by IHS Markit shows that Netflix produced 1,257 hours of original content in 2017 - 25% more than planned! This year, the company is going to spend $8 billion on it (up from $6 billion last year). Amazon Prime, Netflix’s competitor, is far behind with only 285 hours in 2017 - however, 40% of them was original first-run international content. For both companies, the number of original hours produced annually was steadily increasing during the last five years - and so was the number of subscribers, by the way. As Matt Ward, angel investor, startup advisor, and entrepreneur, explains, “We are a species evolved in an era of scarcity. When granted abundance, most simply increase their expectations of quality and originality — hence Netflix... Any CEO worth their salt realizes self-sufficiency trumps all else, thus Netflix started creating original content (well after their innovation with streaming video) to cut out the producers/royalties. While incredibly expensive in the short term, this strategy would (and will) pa

17 days ago

Enthusiasm for blockchain continues to spread worldwide at t...

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19 days ago

We are kicking off #CyberMonday with Money for YOUR Wallet!...

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20 days ago

Your Thanksgiving Turkey’s Provenance Might Be on a Blockchain (Seriously)

Honeysuckle White is giving family and friends gathering for Thanksgiving dinner this year the opportunity to talk turkey with a traceable blockchain code on more than 200,000 turkeys sold through 3,500 retailers around the U.S. The traceable turkeys, a limited supply of which is also available through internet retailer Amazon, offer consumers a high-tech connection to the farm where the centerpiece of the meal began its journey to the table.The blockchain, which Honeysuckle White developed using Hyperledger’s Sawtooth platform, is intended to establish a “proven and trusted environment to build a transparent food chain, integrating farmers and producers, suppliers, processors, distributors, retailers, regulators and consumers,” according to a company release.With more than 70 independent farms participating in Honeysuckle’s traceable turkey program, Cargill, the Minnesota-based agricultural giant owner of Honeysuckle, hopes to establish a stronger connection with consumers. While incorporating a blockchain element to the supply-and-distribution chain means the development of a data-rich environment, Cargill’s current emphasis in using the technology centers on storytelling. Putting turkeys on the blockchain marks a deeper dive into data development for companies utilizing the technology. “Most people don’t know what we mean by it,” Deb Bauler, CIO of Cargill’s Protein and Salt Division, told Bitcoin Magazine. Rather than maintain a focus solely on data, utilization of the blockchain also opens an opportunity around a brand’s narrative.Through a text or entering the on-package code at the Honeysuckle White site, consumers trace their turkey to its specific family farm, including the state and county of the farms, and they can also view the history and see photos of the family farm. The code also includes messages from the farmers. Down the road, the Honeysuckle blockchain could include an Internet of Things element. This could include things such as the temperature of the truck transporting the turkeys to retail outlets. “It’s a unique value statement,” Bauler said.Honeysuckle, based in Wichita, Kansas, began implementing its traceable turkey program last year with a pilot that included only four farms and 60,000 birds available for the holiday season. With the successful pilot, Honeysuckle’s expansion of the program addresses consumer demand for food source transparency. Kassie Long, Honeysuckle White’s brand manager, says the company’s promotion of the product includes social media and other forms of advertising. Thanksgiving turkey buying typically begins on the first weekend in November. As the season progresses and Honeysuckle garners retailer and consumer feedback, the company gains the ability to perform a “robust analysis” of the program on a wider scale, Long says. Included here are things like taking note of the development and strengthening of brand loyalty through repeat customers. Still, transparency in food choice is an aspect of consumer demand familiar to Honeysuckle. According to a company release, a November 2017 survey reported 88 percent of consumers “agree that brands need to be transparent in their food production.” According to the same survey, 80 percent of consumers agree “that at Thanksgiving, it is important for their turkey to be raised by a family farmer.”For consumers, buying blockchain-tracked food seemingly provides a kind of psychological security around food safety issues. For Honeysuckle and other traceable food providers, the security triggers a stronger bottom line through increased sales. According to a reported 2015 study conducted with consumers in South Korea, traceable information translates to more sales and increased brand and product trust. The Food Safety Magazine story cites the study’s co-author, Rajiv Kishore, as noting that when “the customer believes regulatory authorities are ensuring accurate production information, he or she is more likely to buy food that is tracked using traceability information, and even less likely to actual use the food traceability information.” The crux of the observation jives with the consumer research conducted by the Honeysuckle team. That is, consumers’ rising awareness around food safety weighs favorably in their buying decision. However, customers also added the caveat that they weren’t necessarily inclined to act on blockchain tracking, Long said. Darrell Fraser, one of the original pilot participants in the Honeysuckle White traceable turkey program, says the care involved in producing more than five flocks of turkeys each year remains the same. For him, adding the blockchain element to his yields has largely translated into pursuing a kind of vanity grocery shopping. The Texas-based farmer, who has raised turkey flocks for nearly 25 years, says he has yet to find a turkey in the grocery store with roots back to his farm.“I’ve looked and looked and still haven’t found one,” he says. This article originally appeared on

21 days ago

Bitcoin Price Watch: Currency Continues to Fall Amidst Negative Market Trends

At press time, the father of cryptocurrency has ultimately fallen to just over $4,100. This is a $100 drop from our previous price article, and it appears the cryptocurrency crash isn’t coming to a halt anytime soon. We’ve discussed the bitcoin cash hard fork that took place just over a week ago, and how its implications could have potentially caused the sudden drop in bitcoin’s status. However, what we haven’t discussed is the traditional stock market. While we’ve mentioned in the past that bitcoin tends to mirror the activity of the Dow Jones and the NASDAQ, it has recently come to light that virtually all the year’s gains have been wiped off the slate, meaning we’re now right back where we started in January. var tradingview_embed_options = {}; tradingview_embed_options.width = '720'; tradingview_embed_options.height = '480'; tradingview_embed_options.chart = 'kOFcsvUe'; new TradingView.chart(tradingview_embed_options); BTCUSD by Tradewonk on TradingView.com An entire year of progress has gone by, and yet it feels like virtually nothing has been cemented in stone, and bitcoin is no stranger to this scene. The currency has seen all its gains disappear from last December when it peaked at nearly $20,000 per unit. In total, the price has fallen by nearly 80 percent in less than 12 months. Jani Ziedins - analyst at Cracked Market - says one of the big problems is that nobody is around to purchase new bitcoins anymore. She comments: “Everyone who still believes in cryptocurrency bought all they could afford months ago and now, there is no one left to buy.” What we’re seeing is drops in virtually every market, both national and international. One of the biggest factors contributing to the falls may be plummeting oil prices, where supply is outweighing demand in major economic regions like the U.S. and China. Both countries are now the home of standoffs (with each other) and selloffs. Lukman Otunuga - research analyst at FXTM - states: “The truth of the matter remains that rising global crude supply coupled with worrying signs of slowing demand have written a recipe for disaster for the oil markets. With an appreciating dollar rubbing salt into the wound, the outlook for oil prices points to further downside.” It’s an upsetting scenario, though not everyone is convinced that the future is automatically negative. Some analysts - like Omkar Godpole - suggest that bitcoin is potentially readying itself for another price rally, and that we may soon see recent losses turn themselves into gains given the appropriate circumstances. He says: “Repeated defense of the 200-week EMA likely indicates seller exhaustion. A break above $4,635 would confirm a double-bottom breakout on the 4-hour chart and could yield a stronger recovery rally to $5,100. A weekly close on Sunday (UTC time) below the 200-week EMA of $4,182 could prove costly, as the next major support is located directly at $3,100 (200-week simple moving average).” Bitcoin Charts by TradingView The post Bitcoin Price Watch: Currency Continues to Fall Amidst Negative Market Trends appeared first on NullTX.

21 days ago

Bitcoin Cash Price Drops Below $170 as Market Woes Continue

Those who were hoping for positive cryptocurrency price momentum over the weekend will be extremely disappointed first and foremost. Nothing is going the way people would have liked whatsoever, and it seems the worst is yet to come. Al major markets face massive declines, and it seems the Bitcoin Cash price continues to get battered every single day. There is no end to this madness, by the look of things. Bitcoin Cash Price Goes off the Deep End When looking at the big picture, one would almost begin to believe Bitcoin’s end is nigh. More specifically, the world’s leading cryptocurrency has lost value in spectacular fashion. It is well underway to hit the expected $3,000 mark in the coming weeks, which is not something to look forward to by any means. This ongoing pressure also affects all altcoins in a similar fashion right now. For the Bitcoin Cash price, things have gone from bad to worse in quick succession. It is a very problematic development for holders of this altcoin, albeit there is little one can do about this trend right now. In the past 24 hours, there has been another 18.5% decline in USD value, combined with a 9% setback in USD value. This pushes the Bitcoin Cash price closer toward $150, which may become a key support level. It is more than evident this current cryptocurrency market momentum is not native to just Bitcoin Cash either. All major currencies are dropping in value, yet it seems to affect Bitcoin Cash the hardest, for some reason. This is also because of the currency recently losing value after the major hash war which has been brewing wit Bitcoin Cash SV. As such, one has to wonder what the future will hold. Imagine losing $63 Billion in a week Well, the #cryptocurrency market just did. The total crypto market dropped from $185B to $122B in just 7 days. All major cryptos (#bitcoin, #xrp, #eth, #xlm #bch) dropped heavy over the course of the week. pic.twitter.com/KIc4uCtJo9 — Binoption (Crypto News) (@Binoption_Net) November 25, 2018 To put this into perspective, BCH is dealing with an ongoing loss every single hour, although the recent one-hour losses associated with BCH are not necessarily the worst whatsoever. It is unfortunate to see this trend remain in place for so long, it is evident the worst may not be over by any means. As such, one has to wonder if $150 will be the bottom for the Bitcoin Cash price. Prices update in $EUR (1 hour):$BTC - 3336.4 € (-0.41 %)$ETH - 95.85 € (-1.64 %)$XRP - 0.3 € (-0.54 %)$BCH - 143.9 € (-0.69 %)$LTC - 25.36 € (+0.24 %)#EUR #Euro #BTC #ETH #XRP #BCH #LTC #Trading #Crypto #Bitcoin #Ethereum — Cryptocurrencies / EUR (@cryptosEUR) November 25, 2018 There is one interesting precedent involving Bitcoin Cash which may put some users at ease. More specifically, the same events transpired one year ago, although it mainly affected Bitcoin Cash itself at that time. As such, there is a good chance the BCH price will rebound eventually, although the current momentum seems to indicate that will not be the case whatsoever. Dear #BCH community, last year this time, you guys got DUMPED ON big time, don’t let history repeat itself with the fuckwits craig and calvin! Best regards,Friend from #BTC — Jamie Lim (@jamielimjj) November 25, 2018 Until Bitcoin itself shows signs of a recovery - which it hasn’t so far - there may be more problems ahead first and foremost. This has been a bad year for cryptocurrencies in terms of prices, but it is also a good year in terms of determining the viability of top projects. As such, the projects which are effectively worth their salt will succeed, whereas the rest may find themselves obsolete before long. Disclaimer: This is not trading or investment advice. The above article is for entertainment and education purposes only. Please do your own research before purchasing or investing into any cryptocurrency. The post Bitcoin Cash Price Drops Below $170 as Market Woes Continue appeared first on NullTX.

21 days ago

@electric_money SALT Blockchain Backed Loans are over-collat...

@electric_money SALT Blockchain Backed Loans are over-collateralized to account for the volatility of the assets. T… https://t.co/qahaVoBhjA

21 days ago

Curious about your options for getting a crypto loan? SALT ...

Curious about your options for getting a crypto loan? SALT accepts #Bitcoin #Doge #Ethereum and #Litecoin with ter… https://t.co/8m25e4UimS

22 days ago

Joseph Lubin and Michael Novogratz to Headline the 2019 SALT Thought Leadership Forum

The industry is gearing up for the SALT conference, which is a “thought leadership forum” for influencers across finance, economics, entrepreneurship, technology and more. According to Wall Street veteran Anthony Scaramucci, Ethereum Co-Founder Joseph Lubin and Galaxy Digital’s Michael Novogratz will both be headlining the event, which is scheduled to occur in the spring of 2019. Scaramucci tweeted: "Which one do you want to debate Nouriel [Roubini]? Both?” He was responding to a tweet that points out Lubin and Novogratz were college roommates at Princeton University “decades ago.” (GT)

24 days ago

Huobi, Kraken Assign BCH ‘Throne’ To ABC, Yet Bitcoin Cash Hashwar Continues

After four days of discourse, banter, and endless rivers of salt, a number of crypto exchanges have declared that Bitcoin ABC (ABC), Roger Ver and Bitmain CEO Jihan Wu’s preferred Bitcoin Cash client, will officially obtain the “BCH” crown, instead of Craig Wright and Calvin Ayre’s Bitcoin Satoshi Vision (SV). Kraken, Huobi Crown Winner in Bitcoin Cash Fork Since Bitcoin Cash’s long-awaited blockchain upgrade activated on Thursday, during the network’s 556,767th block, many industry insiders, including Ethereum co-founder Vitalik Buterin, have explained that Bitcoin ABC is undoubtedly the winner. However, while ABC’s victory was mostly accepted on a person-by-person basis, the startups that run the crypto ecosystem were hesitant to crown a winner. Related Reading: BCH Tussle: Bitcoin ABC May Reign Supreme over Craig Wright’s “Satoshi Vision” But, this changed on Sunday, as Singapore-based Huobi took a surprising leap of faith, declaring that it would assign the official BCH ticker to ABC, not SV. ABC Version Of Bitcoin Cash (BCH) To Be Re-Designated BCH: Huobi Global has confirmed that the ABC version of Bitcoin Cash (BCH) will be retained for the designation of BCH. For more details, please refer to attached image. pic.twitter.com/odh7Pc8K7R — Huobi Global (@HuobiGlobal) November 18, 2018 Although the prominent crypto exchange divulged that it would facilitate deposits, withdrawals, and trading for SV tokens, Huobi alluded to the fact that SV’s lack of two-way replay protection was a security concern for the platform and its users alike. U.S.-based Kraken echoed this sentiment, claiming that it too would let ABC, which the exchange simply named “Bitcoin Cash,” take the throne as “BCH,” putting an end to investors’ confusion with BCHSV, BCHABC, and other tickers pertaining to the fork. Like Huobi, Kraken explained why it took such a drastic move, which may be seen as controversial in some circles. One-upping Huobi’s rationale, Kraken noted that no major block explorers support SV, miners are “apparently” operating at a loss, supply is “temporarily constrained,” along with a handful of other pertinent issues that could affect the viability and legitimacy of Craig Wright’s go-to client. Keeping these red flags in mind, Kraken explained that SV should be seen as an “extremely high-risk investment,” essentially bashing and discrediting Craig Wright’s camp. SV’s Block Height May Have Caught Up, But ABC Still Winning the Hash Race While SV recently caught up to ABC in terms of blocks processed (block height), many are skeptical that the former’s resurgence will last for an extended period of time. This sentiment, of course, takes into account that as it stands, ABC has processed 38.6 percent more hashes than its rival, which is arguably just as important as the block height statistic. Even before the upgrade went live, Jiang Zhuoer of BTC.Top, a key player in the Bitcoin Cash fork debacle, explained that over time, Bitmain’s allies were likely to succeed. Zhouer noted that if it comes down to the wire, Bitmain, which has hands in the cookie jars of BTC.com, Antpool, and ViaBTC, could allocate its 20,000 petahashes to ABC entirely. This amount of computing power would absolutely decimate Craig Wright’s dream of establishing Satoshi’s Vision, as the Australian coder’s squad only has a finger over the trigger of a purported 10,000 petahashes. However, in a surprising turn of events, Coin Dance, the de-facto hub for all things Bitcoin Cash fork, has declared that “both active chains will continue to be permanently split into the foreseeable future.” In others words, the individuals behind Coin Dance believe that the two chains will continue to operate independently, essentially indicating that the hashwar could come to a screeching halt. But, others have pointed out that SV isn’t off the thin ice just yet, as Wu, the aforementioned chief of Bitmain, has revealed that he is looking into dumping the SV tokens that he and Bitmain own, a reported one million plus. If Wu were to liquidate Bitmain’s BCHSV holdings en-masse via public order-book exchanges, the price of the forked asset would likely capitulate to near-zero. Featured image from Shutterstock. The post Huobi, Kraken Assign BCH ‘Throne’ To ABC, Yet Bitcoin Cash Hashwar Continues appeared first on NewsBTC.

a month ago

Stable XRP Price Makes it a Valuable Hedge During Bearish Cycles

During these incredibly bearish times, it is very difficult to find any assets which perform as expected. That is not entirely abnormal, primarily because Bitcoin is closely linked to all other currencies in terms of value. XRP Once again proves it is the exception to keep an eye on. Minimal losses in USD value and a net gain in BTC value show this asset is ready to take over. XRP Price Continues to Surprise It has been a bit of a rough start tot he week for all cryptocurrencies. As the total market cap saw another $15bn wiped out in quick succession, it quickly became clear this would not be the best of days. Unfortunately for Bitcoin and altcoin holders, it seems rather unlikely anything will change in the coming hours and days. This is not a good time to hold any cryptocurrency if one is faint of heart. For the XRP price, nothing bad is going on by any means. While the asset lost nearly 3% in USD value, it is very different compared to all cryptocurrencies on the market. One XRP is still valued at $0.49, and it seems a push to $0.5 again will occur fairly soon. The biggest surprise is how XRP gained 9.2% on Bitcoin, pushing its value to nearly 10,000 Satoshi. As one would come to expect, XRP remains a topic of debate across social media right now. Weiss Ratings has clearly shown some love to this asset, although it is evident XR holds all of the trump cards and aces in the deck right now. The Bitcoin Cash hash war is not helping matters in this regard by any means. Craig Wright and Jihan Wu will do anything to bring the other down regardless of its impact on the price of #BTC. If a pissing contest between 2 people can put a multi-billion $ dent in the market, does #XRP really want anything to do with that market? Let the decoupling begin. — Weiss Ratings (@WeissRatings) November 16, 2018 The current XRP/BTC uptrend has not gone by among speculators which is what one would come to expect in this day and age. KD is confident there will be a retest of the $0.55 level fairly soon, although that doesn’t seem to be on the horizon just yet. Even so, XRP is doing everything none of the cryptocurrencies worth their salt can” show some degree of stability regardless of what happens to Bitcoin. $XRP with a lovely retest of the 48c region, now turned to support, 55c wen????? #XRP pic.twitter.com/K9slCcRUxe — KD (@datchinesebreh) November 19, 2018 As one would come to expect when interesting things happen, the gloating begins. In the case of Amine SIY, there is some beef with Justin Sun and TRX, by the look of things. It is evident TRON is evolving at a fairly quick pace, although it has nothing on XRP in this stage of the race. @justinsuntron did you change the world yet? the more i hear about #trx bullshit the more i believe that banks are still and always will be in control so th best crypto in this market is #XRP and nothing else! pic.twitter.com/Lb0qahl763 — Amine SIKY (@AmineSiky) November 19, 2018 All in all, XRP appears to be the asset to hold during bearish market cycles. Although a lot of traders flock to stablecoins right now - for reasons only known to them - it would appear XRP is not the worst hedge by any means. That is something no one really expected, even though those who put the bigger picture first and foremost knew something like this was bound to happen sooner or later. Disclaimer: This is not trading or investment advice. The above article is for entertainment and education purposes only. Please do your own research before purchasing or investing into any cryptocurrency. The post Stable XRP Price Makes it a Valuable Hedge During Bearish Cycles appeared first on NullTX.

a month ago

They Saw Everything We Did For a Year: Exclusive evidence by an ICO maker about the SEC’s Efforts

The US Securities and Exchanges Commission (SEC) has been relatively new on the trails of companies who have launched their ICOs in the United States or ICOs that were open to investments from US citizens. Recently, the federal agency had announced on coming-up actions against multiple ICO makers. Recently, not only ICOs were targeted by the SEC, but also airdrops. In this year’s continuous bear market, investors and traders have lost 80% - 90% on average, investing in ICOs. We can only estimate that unlike the bullish year of 2017, the motivation to convict ICO makers is skyrocketing. “They don’t want another Bernie Madoff” The following evidence, had been witnessed by our team, and been sent on Telegram by an ICO maker from the past year: “I know many tried, and the SEC crushed them. For one year they saw everything we did - every text, every email, every coin we spent, every move we made for XXXXXXXXX was under a microscope for an entire year (I was legally not able to say anything that’s why shit would always get weird when people would ask me about what’s going on or what I thought about some things and why I usually said no comment lol). But if you can go through that and the SEC can see you are a good guy, then it’s possible. It’s not easy because they don’t want another Bernie Madoff, but it is possible,” Screenshot taken from Telegram When the executive was asked why the SEC targeted their company, one of the reasons mentioned was “that trolls were mass reporting the company (which did the ICO) because “the team didn’t pump its token.” Multiple investigations against ICOs The SEC also recently launched a subpoena against the crypto lending platform SALT and also against ShapeShift’s CEO Erik Voorhees. The reason for the subpoena was the same as in Airfox’s and Paragon’s recent case - an unregistered ICO. Therefore, the SEC is investigating whether the tokens in SALT’s $50 million tokensale could be considered as securities. Voorhees is a target of the SEC in this case since the ShapeShift CEO has been allegedly listed as one of the directors at SALT before the lending platform launched its ICO. Decentralized exchanges are also on the SEC’s radar On November 8, 2018, the SEC charged EtherDelta founder Zachary Coburn for operating an unregistered national securities exchange. The SEC disliked that securities - at least the federal agency defined them as in its 2017 DAO report - were among the 3.6 million tokens that were exchanged on the decentralized exchange during 18 months. The SEC also pointed out that EtherDelta was neither a registered national securities exchange nor qualified for an exemption. The case ended with Coburn paying almost $400,000 to the SEC. The post They Saw Everything We Did For a Year: Exclusive evidence by an ICO maker about the SEC’s Efforts appeared first on CryptoPotato.

a month ago

SEC Orders AirToken and Paragon To Refund ICO Investors: AirToken Gained 70%

AirToken’s price has just experienced a huge surge, over 70% in a matter of two hours. The cryptocurrency’s price spiked soon after the U.S. Securities and Exchanges Commission (SEC) ordered the company (Airfox) along with Paragon to refund all of their investors. As of now, the gains have decreased to 25%. Not complying with the federal securities laws According to the federal agency, both companies conducted their Initial Coin Offerings in 2017 despite the SEC’s warning that the organizations’ tokens are considered as securities, which are defined in the DAO Report of Investigation. The Boston-based Airfox collected approximately $15 million of funds from investors to finance the startup’s development of a token-denominated ecosystem, which starts with a smartphone app that allows users in emerging markets to earn tokens, exchange the cryptocurrencies to data while interacting with ads. The SEC emphasized that neither Airfox nor Paragon registered their ICOs, failing to comply with the federal securities laws in the United States. According to the federal agency, neither companies qualified for an exemption to the registration requirements. “We have made it clear that companies that issue securities through ICOs are required to comply with existing statutes and rules governing the registration of securities. These cases tell those who are considering taking similar actions that we continue to be on the lookout for violations of the federal securities laws with respect to digital assets,” Stephanie Avakian, Co-Director of the SEC’s Enforcement Division, said. Steven Peikin, Co-Director of the SEC’s Enforcement Division, stated that the SEC’s orders, in which the two companies have to refund their investors and register their tokens with the federal agency, provides “a model for companies that have issued tokens in ICOs and seek to comply with the federal securities laws.” Along with the federal agency’s orders to refund investors and register their tokens, the SEC imposed $250,000 penalties against both Airfox and Paragon. Furthermore, the two organizations have to file periodic reports with the SEC for at least one year. According to the federal agency, both Airfox and Paragon have consented to the SEC’s orders without admitting or denying the findings. Another recent case by the SEC Yesterday the Wall Street Journal published an article stating that the SEC subpoenaed the crypto lending firm SALT Lending along with ShapeShift CEO Erik Voorhees. According to the WSJ, the federal agency launched an investigation against the company since the tokens issued during SALT’s $50 million ICO could be considered as securities. As SALT’s tokens are not registered with the SEC, the federal agency could find them as non-compliant securities, in case they determine the digital currencies as securities after the investigation has finished. Furthermore, the SEC is also investigating whether SALT has distributed tokens to “insiders” as well as how the company has used the funds they have collected during their ICO. The WSJ, citing anonymous sources that are “familiar with the probe,” states that Voorhees was involved in the case as the ShapeShift CEO was listed as a “director” of SALT before the company conducted its token sale in 2017. The post SEC Orders AirToken and Paragon To Refund ICO Investors: AirToken Gained 70% appeared first on CryptoPotato.

a month ago

US SEC Probes Erik Voorhees and Crypto Lending Firm Over $50 Million ICO

The US Securities and Exchange Commission (SEC) has reportedly subpoenaed cryptocurrency lending firm Salt Lending, which uses crypto holdings as collateral against fiat currency loans, and ShapeShift CEO Erik Voorhees, over the lending firm’s initial coin offering (ICO), which raised $50 million last year.

a month ago

Salt Lending (SALT) Under SEC Investigation for Potential Unregistered Security Sale

SALT, one of the booming post-ICO digital assets, has fallen to $0.45, and is pressured by news of another SEC investigation on the sector.

a month ago

SEC Is Probing SALT And Erik Voorhees

According to a recent report published by Wall Street Journal (WSJ), the U.S. Securities and Exchange Commission (SEC) is currently probing the crypto loans company Salt Lending Holdings Inc. and Shapeshift CEO Erik Voorhees. Salt offers fiat loans against cryptocurrencies. The SEC reportedly sent a subpoena to the company back in February 2018. It is also investigating if SALT's $50 million token sale in 2017 was a noncompliant securities offering. Voorhees played a leadership role at SALT and was listed as its director before the token sale. Voorhees has been prohibited from raising money in private markets by the SEC for offering unregistered securities in his previous ventures. SALT is priced at $0.45342, losing 5.14% in the last 24 hours. (VS)

a month ago

Erik Voorhees and Salt Lending Investigated by SEC - Report

Bitcoin loans startup Salt Lending and its former CEO, Erik Voorhees, are said to be under investigation by the U.S. Securities and Exchange Commission (SEC). As reported by The Wall Street Journal, “people familiar with the probe” are saying that Salt was subpoenaed by SEC in February seeking information on its $50 million initial coin

a month ago

Erik Voorhees, Salt Lending Being Investigated by SEC, Report Says

Crypto loans startup Salt and its former CEO are said to be under investigation by the SEC, according to the The Wall Street Journal.

a month ago

WSJ: SEC Opened Probe into Erik Voorhees, Crypto Loans Firm Over 2017 $50 Mln Token Sale

Crypto loans company Salt, once associated with Erik Voorhees, is facing an SEC probe over its 2017 $50 million token sale

a month ago

Dogecoin (DOGE) and Basic Attention Token (BAT) Showcase First Recovery Motives

Following Bitcoin’s BTC last value plunge against the US Dollar, altcoins as traditionally acted similar to the leader’s performance and dived below major important levels which were supporting the prices for months now. Bitcoin (BTC) Crash! Price Plummets to One-Year Low as Cryptocurrency Market Sees Red Per time of writing, the pair XRP is one of the only in the green out of the leading coins after its latest movements have raised questions if Ethereum is losing its second position by market capitalization to XRP once and for all. However, two coins which are taking center-stage very often lately: DogeCoin and BAT or Basic Attention Token, are welcoming a positive increase of 4.05% and 2.15% against the USD in the last 24-hours. With the move, both virtual assets are changing hands above the weekly declining trend that has taken over the market. Source: coinmarketcap Basic Attention Token radically improves the efficiency of digital advertising by creating a new token that can be exchanged between publishers, advertisers, and users. It all happens on the Ethereum blockchain. - basicattentiontoken.org BAT has been designed to bring efficiency in the marketing and advertising industry. The digital token, BAT is exchangeable among publishers, advertisers as well as users. With the attempt to clear fraud, trackers and middlemen, the blockchain adoption in the marketing industry including similar projects to BAT which are being developed is rising on a higher scale day by day. Following Coinbase’s listing of BAT on Coinbase Pro, after being teased in the summer that the leading cryptocurrency exchanging platform is experimenting around with a few of the leading digital assets, Circle Invest declared that it is adding BAT. BAT is launching on Coinbase Pro! Starting at 1pm PT today, customers can transfer BAT into their Coinbase Pro account. Traders can deposit BAT, but cannot place or fill orders. Order books will remain in transfer-only mode for at least 12 hours. https://t.co/31wbi09uyx pic.twitter.com/2YC7xtOjuI — Coinbase Pro (@CoinbasePro) November 2, 2018 Latest Doge Salt Lending platform has announced that it is listing DOGE under collateral for loans via a medium post that was posted also on their official twitter handle. Such Wow. https://t.co/FQId8Tf9Dr pic.twitter.com/P1KDENmzPW — SALT (@SALTLending) October 19, 2018 The post Dogecoin (DOGE) and Basic Attention Token (BAT) Showcase First Recovery Motives appeared first on Ethereum World News.

a month ago

There are a lot of loan options out there but none of them a...

There are a lot of loan options out there but none of them are quite like SALT. What sets the SALT experience apart… https://t.co/T5UFuysLlK

a month ago

Crypto Exit Scam? South Korean Exchange Pure Bit Disappears with $2.8 Million in Ethereum

In another incident of what appears to be an exit scam, South Korean cryptocurrency exchange Pure Bit - which collected over $2.8 Million during its ICO - has completely shut down with no explanation. One More Exit Scam ICOs have become an easy way for fraudsters to rob gullible investors of their hard-earned money. The latest incident has been reported from South Korea where a cryptocurrency exchange Pure Bit has shut down overnight after raising over 13,000 Ethereum in an ICO. At the current market value of Ether, the amount swindled works to around $2.8 Million. TechCrunch reports that the project had committed to deliver their native “Pure Coin” to the investors. According to the Pure Bit model, token holders would receive a share of the profit generated as well as discounted trading fees. The exchange, which was online and functioning on Thursday, can no longer be accessed. Users attempting to access the site are met with ‘Site cannot be reached’ error messages. To further rub salt to the wounds of the investors, the fraudsters posted “Sorry” and “Thanks” messages on their social media channels. The Facebook page has since vanished and other communication channels have also been removed. Investors Missed the Red Flags There were enough red flags about the project that the naïve and innocent investors seem to have missed. The team behind the project was anonymous, according to a Reddit thread. It appears that the process of building and pumping exchange tokens has become a popular trend in Korea. As one Reddit user stated: They have gotten rid of every evidence. Website hosted by fake name / out of Korea host / messenger / contacts were all fake too. Now their only hope is to keep on track with that ether and hope for the best. According to the article, while it can’t be concluded yet that it’s a full exit scam due to lack of enough evidence, the fact that 13,000 ETH coins have moved out of the collection wallet leaves no doubt about the intention. South Korea has banned ICOs being executed out of the country, but its citizens are free to participate in ICOs from other locations. However, it is expected that the state may soon reverse the ban and implement ICO regulations. In the absence of ICO regulations in some countries, how should investors safeguard themselves? Let us know in the comments below. Images courtesy of ShutterStock, Mozilla The post Crypto Exit Scam? South Korean Exchange Pure Bit Disappears with $2.8 Million in Ethereum appeared first on Live Bitcoin News.

a month ago

South Korean Exchange Pure Bit Exit Scams with $2.8 Million

In another incident of what appears to be an exit scam, a South Korean exchange that collected over $2.8 Million in an ICO has suddenly shut down. One More Exit Scam ICOs have become an easy way for fraudsters to rob gullible investors of their hard-earned money. The latest incident has been reported from South Korea where a cryptocurrency exchange Pure Bit has shut down overnight after raising over 13,000 Ethereum in an ICO. At the current market value of Ether, the amount swindled works to around $2.8 Million. The incident was reported by Techcrunch earlier today. According to the article, the project had committed to deliver their native “Pure Coin” to the investors. According to Pure Bit model, token holders would receive a share of the profit generated, and a discounted fee would apply to them. It is reported that the exchange was up yesterday and can’t be accessed today. Users trying to access the website are returned a “Hmmm... can’t reach this page” error message. To further rub salt to the wounds of the investors, the fraudsters posted “Sorry” and “Thanks” messages on their social media channels. The Facebook page has vanished, and other communication channels have also been removed. Investors Missed the Red Flags There were enough red flags about the project that the naïve and innocent investors seem to have missed. The team behind the project was anonymous, according to a Reddit thread. It appears that the process of building and pumping exchange tokens has become a popular trend in Korea. “They have gotten rid of every evidence. Website hosted by fake name / out of Korea host / messenger / contacts were all fake too. Now their only hope is to keep on track with that ether and hope for the best,” stated a user. According to the article, while it can’t be concluded yet that it’s a full exit scam due to lack of enough evidence, the fact that 13,000 ETH coins have moved out of the collection wallet leaves no doubt about the intention. South Korea has banned ICOs being executed out of the country, but its citizens are free to participate in ICOs from other locations. However, it is expected that the state may soon reverse the ban and come up with ICO regulations. In the absence of ICO regulations in some countries, how should investors safeguard themselves? Let us know in the comments below. Images courtesy of ShutterStock The post South Korean Exchange Pure Bit Exit Scams with $2.8 Million appeared first on Live Bitcoin News.

a month ago

Denver continues to rank as one of the top cities to live in...

Denver continues to rank as one of the top cities to live in for tech pros (https://t.co/IVr1PF2lyN). SALT is look… https://t.co/SxCWHGpYfb

a month ago

Read the latest from @insightssuccess, showcasing how SALT i...

Read the latest from @insightssuccess, showcasing how SALT is adding value to the blockchain and financial industri… https://t.co/CxLn2S1XkH

a month ago

Remember to make sure your voice is heard - get out and #vot...

Remember to make sure your voice is heard - get out and #vote for the next collateral type supported on the SALT pl… https://t.co/8VMojfknyt

a month ago

You can vote to help SALT choose which collateral type we co...

You can vote to help SALT choose which collateral type we consider for upcoming releases! Log in today and cast yo… https://t.co/UwUe2p0aTy

a month ago

Meet The Top 5 Crypto Loan Platforms

Featured Content - In November-December of 2017, the majority of late crypto adopters found themselves on the very top of the crypto hype that seemed, back then, like an easy opportunity for anyone to multiply one’s capital. The hype went down, and those who invested at the peak of the hype had to face the inevitable consequences. Some sold Bitcoin shortly after the price went down. Others decided not to give up, and they continued to HODL up until this very moment. What to do if you need cash but don’t want to give up on your crypto? The demand for instant cash sparked the need for a new type of financial services - “crypto loans.” Crypto loan platforms are a type of service that allows one to put his/her crypto down as collateral and borrow fiat at a ratio. Below are some of the most notable crypto loan services that currently exist on the market. SALT Lending SALT Lending is a blockchain-backed loan platform that allows you to get cash deposited directly into your bank account. The company has over $50M in loans serviced, 30 lendable jurisdictions worldwide, and over 64,000 platform users. On the downside, SALT is limited to a low number of cryptocurrencies that can be used as collateral. Additionally, the loan-to-value ratio is relatively low (up to 60%). Nexo Nexo calls its services “The World’s First Instant Crypto-backed Loans.” Loan amounts are from $1,000 to $2,000,000. Nexo uses Onfido (trusted by Coinbase and others) for its regulatory compliance. Moreover, the platform has over $1 billion in instant crypto-backed loan requests. On the down side, Nexo is known for its hidden fees, limited number of collateral crypto wallets and limitations when it comes to cash withdrawals. Unchained Capital Unchained Capital is a service that offers dedicated collateral addresses on blockchain for easy monitoring. The site offers 12-18% APR over a length of 3-60 months. The site does not perform hard credit checks. Interest rates will vary by state. On the down side, the site offers BTC/ETH loans only. Also the company’s loan to value ration is pretty low - 35-50%. ETHLend ETHLend is a platform for digital asset-backed loans, allowing the LEND token to be used as the medium of exchange where fees can be reduced to 0. The digital assets that are used as loan collateral are stored in a public Ethereum blockchain to obtain high network security with the use of a non-custodian depository smart contract. Because the transactions are broadcasted on a public Ethereum blockchain ledger, the transactions are transparent and auditable by the public. On the downside, ETHLend is limited to 1 crypto collateral only - ETH. YouToken Loan Perhaps one of the youngest and most promising crypto backed loan platforms, YouToken Loan is a service platform with bank accounts in Switzerland. The platform allows for someone to lend crypto as collateral with a high loan-to-value ratio of up to 70%, for up to $10,000 in fiat/cash (bigger loans are offered to selected borrowers). YouToken Loan has its own fund and accepts all major cryptocurrencies as collateral (BTC, ETH, LTC, BCH, XRP, etc.). In addition, the platform accepts all major Cards (Visa, MasterCard, Maestro, American Express, etc.) and all major types of web payments (Qiwi, PayPal, Apple Pay, Skrill, etc.). Unlike the majority of other crypto backed platforms, YouToken offers transparency and absolutely no hidden fees. No credit checks are required. YouToken’s interface is simple and sexy. On the downside, YouToken Loan does NOT serve U.S. citizens, as well as citizens of China and Korea. Conclusion Today, we live in a period of time after the crypto market fell. The demand by crypto investors for instant cash has built the foundation for the crypto loan industry. It seems that crypto HODL-ing is an ongoing trend, and one of its symptoms is the rise of crypto loan service platforms. Will we see investors still HODL-ing in 2018 and 2019? Only patience and time will tell. The post Meet The Top 5 Crypto Loan Platforms appeared first on CryptoPotato.

a month ago

Cargill Set to Expand its Blockchain Turkey Initiative

Cargill is expanding its blockchain poultry project to enable consumers to trace their birds to the family farms from where they originated. This year, 70 farms will participate in the program, and it will involve 200,000 traceable birds. This expansion is a significant improvement from last year where only four farms took part in the pilot. Consumers will be able to trace their turkeys by sending a simple text or by entering an on-package code at HoneysuckleWhite.com. According to Debra Bauler, Cargill Protein and Salt chief information officer, the expanded transparency program seeks to increase trust in the food supply chain. (KE)

a month ago

SALT is available to answer your loan and platform questions...

SALT is available to answer your loan and platform questions, but we may have already answered them for you! Check… https://t.co/DUYelucN2r

a month ago

GK Group’s KAMBO Platform Launches To Put Idle Cryptocurrency To Work

UK-based fintech and financial services conglomerate Global Kapital Group (GK Group) has formally released its dedicated cryptocurrency loan platform KAMBO.io as the sector quickly diversifies. Bitcoin And Ethereum As Loan Collateral In a press release dated October 30, GK-Group, which has operated various brokerage, consumer and business finance services since 2010, said it planned to level the playing field for private investors looking to use their cryptocurrency holdings as collateral. Instant loans are available in the modest range between $1000 and $10,000, while larger sums are reviewed and approved within 48 hours. Collateral can come in the form of either Bitcoin or Ethereum (though more cryptocurrencies are planned to be added soon). “We believe cryptocurrencies and novel fintech concepts will liberate the financial ecosystem, and more tools a system has healthier it becomes,” co-founder Can Gulec explained. “Our goal is to build those tools, starting with giving people basic freedoms to use their cryptocurrencies as they please.” The platform makes money by charging 14 percent APR on all loans, a model similar to other actors set to launch in the fledgling cryptocurrency loans market. No ICOs Amid the ongoing bear market across crypto-assets, KAMBO and others see a desire among consumers to put their cryptocurrency to work while waiting for markets to pick up. Unlike competitors such as Salt Lending and Nexo, GK Group has taken steps to avoid raising funds via an ICO. Pointing to statistics showing the extent of losses taken by investors in token sales since 2017 prior to the launch, KAMBO suggested conducting an ICO of its own could prove counterproductive, adding it did not need to raise funds to build and operate a lending platform. “...People have seen through the smokescreen and realize, like many governments and regulators, that ICOs are mostly big and empty promises,” executives wrote in a blog post. “Our mandate is to rather underpromise, and then over deliver.” What do you think about KAMBO.io? Let us know in the comments below! Images courtesy of Shutterstock. The post GK Group’s KAMBO Platform Launches To Put Idle Cryptocurrency To Work appeared first on Bitcoinist.com.

a month ago

Here’s Why CoinGeek Support Craig Wright and Bitcoin Satoshi Version ahead of the Bitcoin Cash Software Upgrade

There is a supremacy war going on in Bitcoin Cash. And not surprising, the contention is around Bitcoin Cash network features once the upcoming software upgrade scheduled for Nov 15, 2018 is over. On one end we have a never yielding team lead by two visionaries, Jihan Wu the founder of Bitmain in a conflict with nChain’s chief Scientist Craig Wright working with CoinGeek, a large Bitcoin Cash mining pool. Craig claims to be Satoshi Nakamoto but without private keys to back his assertions, many including Vitalik Buterin have dismissed his chest thumps. Team nChain at #BlockchainSummit #London. Craig Wright (@ProfFaustus) inventing more for #BitcoinCash #BCH. #Bitcoin pic.twitter.com/uJTwLEcWdO — nChain (@nChainGlobal) June 27, 2018 He is working overtime to ensure that Bitcoin Cash infuse some changes that will revert the network back to how Satoshi, the maverick founder of Bitcoin, would have wanted it to be. Supporters say the current version of Bitcoin complete with block size caps is restrictive. Adding salt to injury they say is core developers including Blockstream are hellbent to crash ideas. As such they insist the Segwit non-compliant Bitcoin Cash is the real Bitcoin. As an avid supporter of Bitcoin SV, the owner of CoinGeek, Calvin Ayre gave his two cents on why he backs Craig and his calls for Bitcoin Satoshi Version (Bitcoin SV). We have distilled some of the reasons and they appear to be three: Preparing Bitcoin Cash For World Domination Contrary to what critics say, Ayre and his supporters insist that they are not “locking down” the protocol but rather trying to improve it. CoinGeek, he says, is pouring countless resources to projects as Terab, Cash Shuffe and they are building and deploying “tremendous” mining power for the Bitcoin Cash network. #CoinGeek.com funds Terab project with Lokad and #nChain; enabling path to 1 terabyte blocks and 7 million transactions per second for #BitcoinCash https://t.co/qIIGap2qDi — Idea Rabbit (@idea_rabbit) January 17, 2018 This shows their dedication in building and protecting a new form of money where hash rates gift powers and economic vote enabling stake holders to agree or disagree with proposals. At the moment CoinGeek is against Canonical Transaction ordering in blocks and the activation of operation codes because the Bitcoin script that execute the same. This is why they need to have the voting power which only comes with hash. “The hash rate not only protects the network, but provides CoinGeek with an economic voice to vote for or against proposals. It is in this case that we disagree with the fundamental direction of ABC. We do not agree that there needs to be a rushed transactional ordering change in blocks, and we do not agree on the introduction of other opcodes providing that Bitcoin script can attain the same function” The Implementation Of The Original Bitcoin Protocol He confirms that Bitcoin SV won’t add anything to the original version of Satoshi’s Bitcoin implementation. But first and foremost, Bitcoin SV are agitating for the restoration of the original implementation of the original protocol. This they say is a key differentiator between Jihan Wu’s ABC and Bitcoin SV road maps. “We would like to see the original implementation restored in its entirety, first and foremost. I have invested heavily in infrastructure to support BCH from the ground up. The countless hours of effort and millions of dollars spent have been with one goal in mind. To make Bitcoin BCH the leading cryptocurrency in the world, and to have it working as global money for the entire world.” Because Bitcoin Cash Source Code Is A Developer Playground Powering any system, he insists, are economic incentives and interest from different developer groups. Bitcoin Cash is a global phenomenon which in recent weeks has seen unprecedented developer activity with exchanges, wallet providers and even developers working on different protocols derived from the Bitcoin Cash blockchain. Just released my first open source project at Coinbase. If you need CashAddr support for your Ruby app then you should check it out! https://t.co/hid9P7wXE0 https://t.co/24mOWi8Tnl — Josh Ellithorpe (@zquestz) April 18, 2018 Calvin goes on saying the network should be made robust enough as the team develops the technical infrastructure for longevity now that Bitcoin Cash is ready made for global use and is an alternative to fiat. “We have already had glimpses of BCH’s prowess. Numerous projects are rolling in demonstrating its capability in smart contracts, tokenization, social media, private messaging, and much more. It’s clear that Bitcoin BCH outperforms Ethereum and any other crypto for scalability and workability.” Do you think CoinGeek and Bitcoin Satoshi Version proposals will sail through? The post Here’s Why CoinGeek Support Craig Wright and Bitcoin Satoshi Version ahead of the Bitcoin Cash Software Upgrade appeared first on Ethereum World News.

a month ago

GK Group’s KAMBO Platform Launches To Put ‘Idle’ Cryptocurrency To Work

UK-based fintech and financial services conglomerate Global Kapital Group (GK Group) has formally released its dedicated cryptocurrency loans platform KAMBO.io as the sector quickly diversifies. Bitcoin And Ethereum As Loan Collateral In a press release dated October 30, GK-Group, which has operated various brokerage, consumer and business finance services since 2010, said it planned to level the playing field for private investors looking to use their cryptocurrency holdings as collateral. Instant loans are available in the modest range between $1000 and $10,000, while larger sums are reviewed and approved within 48 hours. Collateral can come in the form of either Bitcoin or Ethereum (though more cryptocurrencies are planned to be added soon). “We believe cryptocurrencies and novel fintech concepts will liberate the financial ecosystem, and more tools a system has healthier it becomes,” co-founder Can Gulec explained. “Our goal is to build those tools, starting with giving people basic freedoms to use their cryptocurrencies as they please.” The platform makes money by charging 14 percent APR on all loans, a model similar to other actors set to launch in the fledgling cryptocurrency loans market. No ICOs Amid the ongoing bear market across crypto-assets, KAMBO and others see a desire among consumers to put their cryptocurrency to work while waiting for markets to pick up. Unlike competitors such as Salt Lending and Nexo, GK Group has taken steps to avoid raising funds via an ICO. Pointing to statistics showing the extent of losses taken by investors in token sales since 2017 prior to the launch, KAMBO suggested conducting an ICO of its own could prove counterproductive, adding it did not need to raise funds to build and operate a lending platform. “...People have seen through the smokescreen and realize, like many governments and regulators, that ICOs are mostly big and empty promises,” executives wrote in a blog post. “Our mandate is to rather underpromise, and then over deliver.” What do you think about KAMBO.io? Let us know in the comments below! Images courtesy of Shutterstock. The post GK Group’s KAMBO Platform Launches To Put ‘Idle’ Cryptocurrency To Work appeared first on Bitcoinist.com.

a month ago

New crypto leader in the crypto-backed loan market

As HODLing became popular among cryptocurrency enthusiasts possessing large amounts of undervalued digital coins, companies like Nexo and SALT lending started showing up in the crypto market and offering a new type of service: crypto-backed loans. For those who are not familiar with the term, a crypto-backed loan is a type of loan that is given to a borrower in exchange for cryptocurrency collateral. Some crypto-backed loan services offer more competitive rates, while some just approve applications at faster rates. Up until now, there was no absolute leader in the market. However, it looks like a new player, YouToken Loan [aka YouHodler], is about to dominate the industry. Why YouToken Loan is Better Than Its Competitors Unlike its competitors, YouToken Loan has a wide list of competitive advantages on offer. Some of the most notable advantages are listed below. Low-Interest Rate and Full Transparency: Companies like Nexo and SALT Lending tend to trick their clients by not mentioning many of the hidden fees and nuances that clients should know. From paid memberships that are meant to suck you in, to withdrawals that must be $1000+, this list is only getting bigger. Many crypto loan providers are not running a fair and transparent game. YouToken Loan is all about long-term collaboration. Clients are treated with respect and privilege. The average interest rate is 5% and there are NO mandatory memberships and/or hidden fees. High Loan-to-Value Ratio: A high loan-to-value ratio [LTV] is another significant competitive advantage that the company has to offer. Typically, LTV offered by other crypto loan companies varies from 35% to 50%. At YouToken Loan, it offers up to 70%, the highest LTV on the market. Free YTN Tokens for Early Adopters YouToken Loan is offering one more benefit to its early adopters. This extra benefit is depicted in the form of free YTN tokens. Only this month, every user who takes a crypto loan will receive 1 YTN token for free, in exchange for $10 worth of collateral. YTN is an ERC-20 token representing the YouToken platform. According to the company’s CEO, the token is expected to be tradable in 10 months. How to Take a Crypto Loan Taking loans is as easy as using Coinbase, Binance, or any other crypto exchange. Just visit the website and you will figure out what to do next. The post New crypto leader in the crypto-backed loan market appeared first on AMBCrypto.

a month ago

Bitcoin Turns Ten: Today And What’s Next?

Today, on October 31st, 2018 — a date that many decentralists have been clamoring for — Bitcoin, the world’s first internet-connected autonomous network, has officially reached the youthful age of 10. While Bitcoin has been lauded as a resounding success in recent years, initially, as covered in this series’ previous edition, “Bitcoin Turns 10: A Blast To The Past,” Satoshi had trouble jump starting his brainchild. However, as Bitcoin began to garner support from the fringes of the internet in 2010, it became apparent that the concept of decentralized technologies was sticking, and across the world at that. And since then, this industry has only been on a perpetual uptrend, as blockchain technologies, the Bitcoin Network included, have continued to see adoption, maturation, and development at an unbridled rate. 2018’s Bitcoin Bear Market Is A Time To “BUIDL,” Not “HODL” BTC made its first step into 2018 near the peak of its largest bubble to-date, nearing $20,000 on the back of widespread speculative interest from retail and institutional investors across the globe. While BTC began a strong correctional phase in early-January, facilitating a (temporary) monumental surge in the market dominance of altcoins, many claimed that the world’s first crypto asset was still poised to be on the up-and-up, with a handful of industry commentators doubling down on their sky-high predictions. Fundstrat Global Advisor’s Tom Lee, for one, claimed that BTC was slated to reach and surpass $25,000 by 2018’s end, referencing a number of quantitative factors to back his forecast. Lee wasn’t alone in his cries for BTC to “moon,” with Tim Draper, the Bitcoin Foundation’s Bobby Lee, and a number of other well-respected cryptocurrency fanatics all claiming that BTC will surpass its $19,500 all-time high in due time. As it stands, however, the foremost cryptocurrency is way off the mark, with BTC currently finding itself range-bound under $7,000, but above the $6,000 price level, indicating that “speculmania” has subsided, for now anyway. Still, as pointed out by diehard pundits, while crypto asset values have tanked, now isn’t the time to shy away from crypto. In fact, some optimists have issued call-to-arms, enticing their fans and followers to further their involvement in the nascent cryptosphere, even if prices may be off-putting for even the most seasoned investors. Just two weeks ago, Binance’s Changpeng Zhao took to Twitter to write: “Blockchain/crypto is not going away. Then take a 5-10 year horizon, and think about where we will be. BUIDL/HODL to that!” In context, what Zhao seems to be touching on is the fact that prices don’t accurately reflect the development of the underlying infrastructure and base-layer applications that will support BTC over the long-haul. Litecoin’s Charlie Lee has also tangoed with this form of sentiment in the past, claiming: “[Now,] with prices currently depressed, it’s a good time for people to sit down and have their head down and actually working to get stuff done.” In the past few months alone, in terms of technological developments, Bitcoin has seen a rapidly growing Lightning Network, an uptick in adoption for Segwit-enabled addresses, and Blockstream’s recent release of the Liquid Network, which aims to accelerate BTC transactions and to introduce a digital asset issuance system on Bitcoin’s blockchain. While these three technological improvements are inherently unique, at their core, the Lightning Network, Liquid Network, and Segwit protocols have only been activated to better the user experience. Although Bitcoin’s technological advancements are already something to be touted, this ecosystem’s institutional sub-sector has arguably seen a larger growth cycle. In the past year, America’s foremost institutions, JP Morgan, Bank of America, Citigroup, Morgan Stanley, and Goldman Sachs have all expressed interest in eventually offering Bitcoin-centric investment vehicles, solutions or platforms, which may bring crypto assets and blockchain technologies to hundreds of thousands, if not millions of wide-eyed investors. Just recently, marking one of the biggest institutional forays into crypto to-date, Boston-based Fidelity Investments established the fittingly-named Fidelity Digital Asset Services (FDAS), a new entity solely focused on offering products that pertain to digital assets, like BTC and Ether. FDAS, which is headed by Tom Jessop, is aiming to offer top-notch cryptocurrency custody and trade execution for Fidelity’ 13,000 institutional clients. TD Ameritrade has also entered the cryptocurrency realm, announcing in early-October that it had invested an undisclosed sum into ErisX, an up and coming crypto-focused platform that has already been backed by DRW, Virtu Financial, and CBOE Global Markets. Eventually, if regulators give ErisX a stamp of approval, the platform intends to unveil spot trading and physically-delivered futures support for Bitcoin, Bitcoin Cash, Ethereum, and Lit

2 months ago

Dogecoin (DOGE) Battling to Bottom-Out and Recover: Latest News to Read

Since its end-of-August stellar performance in the cryptocurrency market, Dogecoin has been left on the hands of sellers which have taken the wheel and tanked its value heavily downward. Source: coinmarketcap Continuing its violent-sell off since September 11 when the pair DOGE/USD hit the $0.0068 mark, the coin has broken below its declining trend opening gates for possibly even more plunging in the upcoming days. There is a high chance that the correction will continue until the value returns at\ the level of its speedy hoist at $0.0030 against the US Dollar, when more details were revealed about the popular Doge-Ethereum bridge. Read: Dogecoin DOGE/USD Only Double Digit Gainer: Above 20% as Doge-Ethereum is Announced Per time of writing, the once started as a joke crypto Dogecoin is the only with a gain of 4.55% in the last 24-hours as all coins are on a slow train of balancing bears and bulls. It is leading the BTC market with 4.55% in the green. - SALT - a popular crypto-loan provider has announced that it will be adding the 24th largest coin by market capitalization under cryptocurrencies which are accepted as collateral for fiat loans. Despite not ranking high on the list, DOGE does have high liquidity. Its daily trading volume often exceeds $11 million, which showcases its popularity. According to SALT announcement, DOGE will be one of several cryptocurrencies that can be used as collateral for GBP, JPY, and the USD. The move was announced via a Medium post. Such Wow. https://t.co/FQId8Tf9Dr pic.twitter.com/P1KDENmzPW — SALT (@SALTLending) October 19, 2018 Additionally, SALT accepts Bitcoin, Litecoin, Ethereum and Dogecoin as Collateral [which can be seen in the pic below]. - The developers of Doge Racer have shown a few new screenshots about their upcoming indie game. It is a racing game which features Dogecoin, which can bring a lot more exposure to this altcoin in its own right. Much Fast! So Multiplayer!#madewithunity #dogecoin #DogeRacer pic.twitter.com/h9hWeEnrmc — Doge Racer (@RacerDoge) October 25, 2018 The post Dogecoin (DOGE) Battling to Bottom-Out and Recover: Latest News to Read appeared first on Ethereum World News.

2 months ago

Loan holder Bill LaPrise shares how SALT empowered his busin...

Loan holder Bill LaPrise shares how SALT empowered his business with a loan. Hear his perspective on SALT’s new pla… https://t.co/4EsBfpl1Et

2 months ago


News courtesy of berminal.com
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